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Array Digital director trust sells $261K in stock

Director-affiliated trust disclosed a late Form 144 for the September 11, 2026 sale of 6,832 AD common shares previously granted as equity compensation.

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

ARRAY DIGITAL INFRASTRUCTURE, INC. (AD) received a Form 144 notice from director Harry J. Harczak Jr., covering the sale of 6,832 shares of common stock held in the Harry J. Harczak Jr. Trust. The filing reports that these shares, with an aggregate market value of $260,909.00, were sold on September 11, 2026 through Charles Schwab on the NYSE.

The shares derive from three restricted stock awards granted on March 1, 2019 (2,123 shares), May 21, 2024 (2,836 shares), and May 19, 2026 (1,873 shares) as equity compensation from the issuer. The notice is marked as a late filing.

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Shares sold 6,832 shares Common stock covered by the Form 144 sale notice
Aggregate market value of shares $260,909.00 Value of 6,832 common shares reported in the Form 144
Shares outstanding 53,500,000 shares Issuer’s common stock outstanding as referenced in the securities information
Restricted stock award 1 2,123 shares Equity compensation granted March 1, 2019
Restricted stock award 2 2,836 shares Equity compensation granted May 21, 2024
Restricted stock award 3 1,873 shares Equity compensation granted May 19, 2026
Sale date September 11, 2026 Date the client sold the shares, per remarks
Notice date September 16, 2026 Date of Form 144 notice
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Restricted Stock Award financial
"Common | 03/01/2019 | Restricted Stock Award | Issuer"
A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.
Equity Compensation financial
"03/01/2019 | Equity Compensation"
Equity compensation is pay given to employees, executives or contractors in the form of company ownership—such as stock, stock options or restricted shares—rather than just cash. It matters to investors because it can align workers' incentives with shareholders (like paying someone in slices of the same pie they help grow), but it also increases the number of shares outstanding and company expenses, affecting ownership percentages and earnings per share.
aggregate market value financial
"6832 | 260909.00 | 53500000 | 09/11/2026"
Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did ARRAY DIGITAL INFRASTRUCTURE, INC. (AD) disclose in this Form 144?

The company disclosed that a director’s trust filed a Form 144 covering the sale of 6,832 shares of common stock with an aggregate market value of $260,909.00, sold on September 11, 2026 through Charles Schwab on the NYSE.

Who is selling AD shares according to this Form 144?

The seller is the Harry J. Harczak Jr. Trust U/A DTD 03/28/00 Funding, with Harry J. Harczak Jr. as trustee. He is identified as a director of ARRAY DIGITAL INFRASTRUCTURE, INC.

How many ARRAY DIGITAL (AD) shares are covered and what is their value?

The notice covers 6,832 shares of AD common stock with an aggregate market value of $260,909.00. The filing also lists 53,500,000 shares of the issuer’s common stock outstanding as context.

When were the AD shares in this Form 144 originally granted?

The 6,832 shares come from three restricted stock awards granted as equity compensation on March 1, 2019 (2,123 shares), May 21, 2024 (2,836 shares), and May 19, 2026 (1,873 shares) by ARRAY DIGITAL INFRASTRUCTURE, INC.

Was the Form 144 for AD filed on time?

No. The remarks section states “Late filing: Client sold the shares on 9/11/26”. The Date of Notice is September 16, 2026, indicating the notice was submitted after the reported sale date.

Which broker handled the AD share sale reported in this Form 144?

The broker listed is Charles Schwab Corp, located at 3000 Schwab Way, Westlake, TX 76262. The shares were sold on the NYSE according to the securities information section.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

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